Hello from General Protocols

Hello from General Protocols. We are a new company using Bitcoin Cash to create products and utility for the world, and we want to give you an early look at what we are doing. In the near future we will release our first product, AnyHedge, as it launches in cooperation with Cryptophyl's new non-custodial exchange, Detoken.

Bitcoin Cash native and trustless stability solution

We believe that Bitcoin Cash and all crypto has a volatility problem that holds back adoption. AnyHedge is a trustless (except for a price oracle), synthetic derivative that we created to mitigate the stability problem using the incentives of speculation. The whitepaper describes it in detail, but in summary:

An AnyHedge contract involves at the minimum three parties: Hedge, Short, and Oracle. Only Hedge and Short have coins [BCH] involved while Oracle does not need to be aware of the contract at all. It operates much like a subset of traditional futures and forward contracts. [...] In essence, Hedge gains a peg on the external asset for their coins, while Short amplifies the risk and reward for theirs.

To the best of our knowledge, it is the first real decentralized finance protocol on any branch of Bitcoin. In addition to mitigating volatility, growth of AnyHedge will necessarily mean the growth of real economic activity on Bitcoin Cash. It provides a way for holders to make use of their BCH without leaving the network, and draws new value into the network to take counterparty positions. AnyHedge contracts have been executed on-chain hundreds of times already as a part of testing and demonstrations.

Maximum utility

AnyHedge will be released as an open source smart contract, libraries (not released yet) and whitepaper that exchanges, OTC desks and anyone else can use to execute the derivative. General Protocols earns revenue by providing an easy API to all of those parties, especially exchanges and OTC desks. The API handles all the complexity around creating, monitoring and upgrading contracts with no need for new infrastructure or knowledge. A small fee is trustlessly included in every contract made with the API. Tools for everyone to play with will be released soon™️, probably after everything is released with Cryptophyl and Detoken.

Who we are

• John Nieri (emergent_reasons), President

• Jonathan Silverblood, Senior Developer

• Eric Teng, Operations

• imaginary_username, Ongoing collaboration including original idea for the derivative

Get involved

We have bootstrapped to this point and are seeking:

• Aligned investors to help us reach profitability.

• Exchange and OTC partners to create value for their users and grow revenue together.

• Open source collaborators to continuously review and refine AnyHedge protocols.

Ultimately, we will reinvest in R&D to develop a full portfolio of protocols and profitable products using the unique benefits of Bitcoin Cash.

Talk with us privately

• Telegram @emergentreasons

• Keybase @emergent_reasons

• Email john.nieri [at] generalprotocols.com

Join the discussion

• Telegram General Protocols

• Telegram AnyHedge

General Protocols Blog

This article forms part of the General Protocols Blog, a collection of cross-platform links showcasing our team's community activity, Bitcoin Cash projects, UTXO development, and general crypto musings.